Objective: SSEF2 Give examples of how rational decision making entails comparing the marginal benefits and the marginal costs of an action.
a. Define marginal cost and marginal benefit.
b. Explain that rational decisions occur when the marginal benefits of an action equal or exceed the marginal costs.
c. Explain that people, businesses, and governments respond to positive and negative incentives in predictable ways.
Objective:
SSEF2 Give examples of how rational decision making entails comparing the marginal benefits and the marginal costs of an action.
a. Define marginal cost and marginal benefit.
b. Explain that rational decisions occur when the marginal benefits of an action equal or exceed the marginal costs.
c. Explain that people, businesses, and governments respond to positive and negative incentives in predictable ways.
Links Used In Class:
Marginal Costs and Marginal Benefit Video
Louisiana To Begin Paying Solar Tax Credits
Georgia Film Industry On A Roll
Soda Taxes Popping Up Around the United States
Texas School District Approves Paddling To Punish Students
Files Used in Class: